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President Trump floated lowering tariffs on Chinese imports to 80%. Major indexes were down for the week despite Thursday’s rally. Plus: Expedia shares dropped after reporting weakening travel demand to and from the U.S. Danny Lewis hosts.
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Beijing, on the other hand, pledged to step up enforcement of export controls on strategic mineral resources. Plus: the U.K. announces its “largest ever sanction package” on key players in the Russian oil trade. AMC profits shrink despite streaming revenue growth. And Panasonic will cut 10,000 jobs globally. Charlotte Gartenberg hosts.
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Plus: Tech leaders tell lawmakers that the U.S. risks falling behind China if Washington does not streamline AI policy. And President Trump considers bringing the so-called “millionaire tax” back to life. Kate Bullivant hosts.
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A.M. Edition for May 9. Chinese exports to the U.S. plunged in April as the Trump administration’s tariff assault forced the world’s second-largest economy to redirect more of its goods to other markets. Plus, President Trump resurrects a proposed ‘millionaire tax’ despite opposition from congressional Republicans. And correspondent Sune Rasmussen explains how European authorities are struggling to respond to a new generation of young extremists being radicalized online. Luke Varg as hosts.
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P.M. Edition for May 8. Who is Robert Francis Prevost, the Catholic Church’s 267th pontiff? WSJ reporter Drew Hinshaw answers that question from Vatican City. Plus: the U.S. agrees to a new trade deal with the U.K.—while the European Union draws up a list of American tariff targets. WSJ’s Kim Mackrael has the details from Brussels. And, the Federal Aviation Administration could modernize the nation’s air-traffic control system in the next few years, but Transportation Secretary Sean Duffy says Congress needs to front the funding. Victoria Craig hosts.
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The deal lays out a framework for some tariffs to be lowered or exempted. Plus: Carvana shares rise after CEO says used-car businesses won’t be as affected by import taxes. And Cardinal Robert Francis Prevost becomes the first American-born Pope. Danny Lewis hosts.
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Threat of levies on $107 billion of goods is in case negotiations fail. Plus: U.S. jobless claims fell last week, indicating labor market resilience. Molson Coors reported a drop in first-quarter net income. And Johnson & Johnson spinoff Kenvue saw Q1 earnings growth ahead of expectations. Charlotte Gartenberg hosts.
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A.M. Edition for May 8. In a first since President Trump’s ‘Liberation Day’ tariff announcements, the U.S. is expected to announce a framework of a trade deal with the United Kingdom. Correspondent Max Colchester explains that despite the likely straightforward nature of the agreement, it hints at the White House’s broader strategy. Plus, why tariff whiplash is spurring some central banks to cut rates, even as the Fed stands pat. And President Trump looks to cement his ‘Make America Healthy Again’ agenda with his pick for surgeon general. Luke Vargas hosts.
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P.M. Edition for May 7. Despite political pressure from President Trump, the Federal Reserve kept interest rates steady today. WSJ chief economics commentator Greg Ip explains how tariff uncertainty factored into their decision. And Disney seeks a foothold in the Middle East with an upcoming theme park in Abu Dhabi. WSJ entertainment reporter Ben Fritz has details on the company’s ambitions. Plus, investigations reporter Katherine Long tells us what U.S. spy agencies are after in Greenland. Victoria Craig hosts.
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Bonus Episode for May 7. Big automakers are bracing for tariffs. General Motors, Ford, Stellantis and Tesla say they’re strategizing to address possible price increases and supply-chain disruptions. Automotive regulatory reporter Ryan Felton analyzes the latest earnings results from car companies to explain what they’re doing and what it could mean for customers.
Julia Carpenter hosts this special bonus episode of What's News in Earnings, where we dig into companies’ earnings reports and analyst calls to find out what’s going on under the hood of the American economy.
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